Showing posts with label Guru economist. Show all posts
Showing posts with label Guru economist. Show all posts

Friday, June 11, 2010

World observed the 40th anniversary of Earth Day

While businesses have systematically and thoroughly abused and mutilated our earth, several companies have begun to implant and implement environment-conscious ideologies in their organisations. From a global perspective, the highest impact is being achieved by an Indian-American according to Forbes. Recently named as the greenest billionaire in the world, Vinod Khosla, co-founder of Sun Microsystems, has been pouring millions of dollars into innovative companies that are into sustainable building materials, solar power and advanced bio-fuels. Meanwhile, organic clothes that spare the earth the scourge of pesticides and chemicals are slowly gaining ground in the Indian market. While several designers have taken out eco-friendly lines, two major apparel brands have recently decided to tread the green mile too. These new lines from Van Heusen and Arrow present 100 per cent organic clothes made out of cotton, linen and have used natural dyes. Vandana Shiva, however, stresses on tying such projects with community-based initiatives to ensure that such ventures sustain in the long haul. Further, in dyeing a regular fashionable outfit, roughly 8000 chemicals are used, besides using heavy metals, creating toxic waste and consuming huge quantities of precious water.

Therefore natural dyes are an essential step for clothing companies. Herbal dyeing, which not only uses natural plants and minerals but also retains the medicinal properties of the herbs, is being seen as the next big trend by many. Says Arun Baid of Aura Herbal Textiles, “We will not speculate that the whole world will change and will go for herbal dyeing, but since the dedication to environment, global warming, carbon points are serious issues, in the near future anybody and everybody will have to be sustainable to survive.”

Going green is becoming so fashionable that at The International Indian Film Academy (IIFA) green has replaced the usual red colour of the carpet at the entry. Where Amitabh Bachchan has for long been encouraging eco-friendly behaviour, the latest Bollywood celebrity to join the green bandwagon is Abhay Deol, who has signed up to become the official Brand Ambassador of The Climate Project – India, and for a start has decided to use two separate garbage bins – one for dry waste, and the other for wet waste. The project is aiming to present more concrete solutions through their Teachers Training Programme, where they plan on training teachers in every government and privately-owned school in Delhi about climate change, in time to help the capital get all squeaky and shiny for the Commonwealth Games 2010.

While there is a lot afoot to help our earth regain its lost vitality, each one of us needs to treat our planet with respect and love, and behave as a member of one big family. The Dongria Kondh tribe, the businessmen who own the factories, to the school children who planted saplings this Earth Day, are all an intrinsic and organic part of the same family. “We are the last generation that can make a difference. Our generation has a challenge to not only act in our own capacities to reduce our carbon footprints, but in addition we should also get our politicians to take the big decisions that are needed now,” says Vinuta Gopal. “We need to now think of the rights of mother earth, and how that defines our rights,” stresses Vandana Shiva, and leaves us with a thought that will hopefully resound in our readers’ minds long after, “We are an earth family, and this earth family is a child of mother earth, and her rights come first.”

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Monday, May 03, 2010

Eccentricity on an overdrive?

Leading ladies of the film industry have the choicest of cars at their disposal, but actor Asin was recently seen in a ride which would make many other ladies faint with horror! On her way to Madurai Airport from Kairaikudi, Asin and her friends spotted a bullock cart, and when her pals dared her to ride on it, she went ahead and did exactly that! Asin hitched a ride on the bullock cart and travelled in it for the next 25 minutes! Needless to say, passersby were stunned and rushed to take her autograph and click pictures!

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-

Thursday, April 08, 2010

Nestled in the lap of the himalayas

Pithoragarh
It is often referred to as Miniature Kashmir. The town is also known as Sore Valley and was an important landmark of the Chand Rajas of Kumaon. It is situated at an altitude of 1,650 meters above sea level. Three languages are spoken here, namely Hindi, Kumaoni and English. There are frequent buses to Pithoragarh from Almora, Nanital and Delhi. The closest railhead is at Tanakpur and the closest airport is at Pantnagar, which is 249 km from Pithoragarh.

Ranikhet
At the onset of winter, the softly falling snow flakes cover these environs in sheets of pure whiteness. Today it is an important Army town and the head quarters of the Kumaon Regiment. One can enjoy a walk, hold a picnic or go for an exciting trek. Ranikhet has one of the best mountain golf courses (9 holes) in the country surrounded by a dense oak forest. The Jhoola Devi Temple, Chaubatia are places worth-seeing. Kathgodam is the nearest railway station and Pantnagar is the nearest airport, 119 km away.

Kausani
The Kumaon Hills region offers the magic of the deep pine forests and the majestic mountains. Kausani is the birthplace of the famed Hindi poet Sumitra Nandan Pant. The beauty of Kausani is still largely untapped and it is often referred to as the 'Switzerland of India'. In fact, very few hill stations can compete with the scenic beauty of Kausani. Lakshmi Ashram, Pinakeshwar, Baijnath, Someshwar, Sundardoonga and Kafni Glaciers are a few places to visit here. Kausani is well connected to other hill stations of the state.

The Valley of Flowers is one of the natural wonders of the world which has recently been declared as a world heritage site. The carpet of flowers, 10 km in length and 12 km in width, is spellbinding. During the rains, the entire Valley is transformed into a natural garden with an innumerable variety of alpine flowers.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-

Outlook Magazine money editor quits
Don't trust the Indian Media!

Friday, April 02, 2010

Quit boredom, visit Quito!

Situated at the foot of the active volcano Pichincha, and spread across a spectacular Andean valley, Quito enjoys a spectacular natural setting. As a matter of fact, owing to its natural beauty and myriad historical sites, this Ecuadorian city enjoys the reputation of being the first city in the world to be named as a World Heritage Site by UNESCO.

Stroll back in time, as you take a horse carriage ride in the old town. The Mirador El Panecillo statue, which is better known as ‘Virgin of Quito’, stands atop the Panecillo at the southern end of this colonial city. Bordered by the Government Palace on the west, City Hall in the east, Archbishop’s Palace in the north and the Cathedral in the south, is the La Plaza de la Independencia, a building compound of great significance in the 16th century, which is now usually jostling with tourists throughout the year. The former Archbishop’s Palace is now converted into a mini market with a series of small shops and boutiques. Walking into the narrow cobblestone streets transports you to another era.

A 20-minute walk from the old town and an entirely different world welcomes you with trendy cafes, multistory constructions, parks and museums. The new town (Quito) has a plethora of options for your itinerary. Do visit La Compañía de Jesús church, which is regarded as one of the most ornate structures in Ecuador. At the very top of the church is a 7-tonne gold leaf covering the ceiling. The church is one of the finest Spanish architectures one can find. To enjoy a bird’s-eye view of the Pichincha Volcano and the Quito landscape, head straight to Quito’s best-known tourist attraction – El Teleferico, where the ‘Teleferico’ cable car takes you to an altitude of 4050 meters from where one can start an adventure-filled hike to the snow-capped volcanoes.

Set up on a hill overlooking Quito on one side and the valleys on the other, Parque Metropolitano, with a maze of forest paths, roads, sports fields and picnic areas is a picture of pure bliss!

For those planning to escape the crowds, there are many day trips organised by the city to its neighbouring regions. Visit the thermal springs at Papallacta’s or simply enjoy the picturesque view at the pretty pueblos dotted along the quaint Valle de los Chillos.

With warm, welcoming inhabitants, and myriad museums and plazas to be explored, Quito holds the promise of a rare, unforgettable experience!

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-

Outlook Magazine money editor quits
Don't trust the Indian Media!

Friday, March 26, 2010

Ash’s Kollywood calling

Aishwarya Rai Bachchan’s career in films began with Mani Ratnam's Tamil film, “Iruvar”. She was recently seen in Chennai at the album launch of “Rettai Suzhi,” a film being produced by Shankar, who was also the director of another one of her initial films “Jeans” and is also directing her in an upcoming film “Endhiran: The Robot”. As she shared stage with veteran directors, K. Balachander and Bharathiraaja, Ash was seen at her gracious best, and she also surprised everyone by breaking into fluent Tamil! From Hollywood to Bollywood to Kollywood, Ash has it all covered!
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-



Outlook Magazine money editor quits
Don't trust the Indian Media!

Monday, March 08, 2010

“ We invested before time”

B&E: What factors have worked for you in India?

VT: We have been in the Indian market for 14 years now, and believe that our foresight and belief in the country and commitment to the telecom market, along with work with the government have helped grow the telecom industry. Nokia devices today straddle a comprehensive range of products at every price point for all segments. India is not only its second largest market globally, but is also one of the only three countries, where Nokia has an end-to-end presence, including a manufacturing unit, R&D centres and over 10,000 employees.

B&E: What strategy did you adopt in the initial days to help you penetrate the Indian market?

VT: Nokia had a holistic approach towards developing the market and growing its consumer base. Our strategy has hence been focused on investing before time, understanding different consumer needs, building a strong product portfolio that caters to all segments of the market and making our products and services relevant to the Indian market. We were the first to invest in setting up a robust distribution network, to understand the potential of having an effective after sales network. Today, our reach and scale is amongst the best in consumer durable industry, let alone handset industry. Nokia has 1,90,000 outlets and a retail point for every 20 sq. km and 800+ centers across 400+ cities.

B&E: What, according to you, are the biggest strengths for Nokia India ?

VT: One of our greatest strengths has been our power to localise our products and services. In India we have used our understanding of the Indian consumer to create handsets, applications and services that answer the needs of the consumer and deliver value.

B&E: How will the handset market shape in the year 2009 and what are your plans for the year?

VT: We expect 2009 to be a ‘defining’ year. The coming of 3G is another milestone for the Indian telecom industry. 3G is expected to initially create much needed ‘voice’ capacity in the existing spectrum but the larger question will remain as to what will drive 3G services consumption amongst consumers. We believe 3G in India will be entertainment led.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-



Outlook Magazine money editor quits
Don't trust the Indian Media!

Friday, January 23, 2009

Glittering like never before! - "IIPM-News"

Gold has always enjoyed the status of a safe haven. But will the glittering truth allow investors to heave a sigh this time too? 4Ps B&M’s Sunanda Roy explores...

D iamond or gold! Which one do you think is a girl’s best friend? Confused?! Certainly the fight has always been on (and will continue forever) when it comes to choose between the two. However, there are some that seems to have come upon a decision – of course that’s not girls – and have finally placed their bet on one! Well, those weary souls happen to be none other than stock market investors, to be precise the retail investors.

Certainly with a volatile stock market and FIIs pull outs amid equally dull macro indicators the worry of the hour is where should a layman place his savings? In a line – what is the best place to invest? And the sole resort at the moment seems to be gold. Raison d’être, prices of gold have almost doubled in the last few years and experts anticipate them to further keep on as they feel demand will continue to beat supplies for several years.

But then gold too, is now fraught with risks as the global economic outlook remains uncertain. Like everything else, their prices too move up and down. “If the global economy and thus the markets do bad, gold will climb in value. Else it might remain range bound or may even decline. For Indian investors there is an added worry of exchange rate risk since the rupee price of gold will be impacted by both dollar price and rupee-dollar exchange rate,” agrees Swapnil Pawar, Director, Park Financial Advisors. So, on account of this dual uncertainty, is investing in gold recommendable? “Yes of course! Gold or diamonds is anytime a better investment compared at least to real estate and stock market,” answers Sanjay Kothari, Ex-Chairman, Gem & Jewellery Export Promotion Council.

No doubt, gold enjoys the status of a safe haven, but it too has been underperforming in recent times due to continued sell off by fund houses and investor community. Although in the short run gold might be weighed down by the appreciating US dollar but in the long term its bullish sentiment is quite intact and its appeal as a safe investment tool in times of uncertainty may attract some fresh buying in days to come. Agrees, Pritam Kumar Patnaik, Associate VP, Head Retail Business, Kotak Commodities, “Gold has always been an investment for retail public. The risk reward ratio in gold is highly favourable for the long term investors as the returns are expected to be skewed positively”.

Moreover, as markets across globe are going through turbulent times where financial safety is of paramount importance and “since price of gold is negatively correlated to the movement in stock market, investing in yellow metal can certainly provide safety to the investors,” feels Amar Singh, Research Head (Commodities), Angel Broking. In addition, gold prices have remained almost the same as at the beginning of the year (in rupee terms) while all other markets have plummeted drastically. This too works in favour of gold. Adds Madan Sabnavis, Chief Economist, NCDEX, “Gold is a very good portfolio diversifier, hence can be used as an investment irrespective of what happens in other markets. The coefficient of correlation is low vis-à-vis stock markets and GSecs”. Further, as a high degree of uncertainty continues to be attached to paper assets, gold is likely to emerge victorious.

But then how long will this winning streak continue and to what levels? “We expect gold prices to touch a level of $640 per troy ounce in short term. Domestically by incorporating the average USD/INR rate at Rs.50 the expected gold levels will be Rs.10,360 per 10 grams. However, we expect bargain buying to emerge around $640-650 levels which may take the prices back to $780 levels in 3-4 months,” Ashok Mittal, VP & Country Head, Karvy Comtrade tells 4Ps B&M. But then Pritam Patnaik from Kotak Commodities offers a different view. “Gold is largely a currency play and lot depends on the developments post the G-20 meeting. We expect things to get worse in the next six months and gold is likely to trade around $1,130 an ounce during the 1QCY2009,” says Patnaik.

Certainly, the economic perspective to the price levels depends a lot on the dollar-euro relationship. If the dollar depreciates, then the price of gold will move up. So, one needs to take a call on how the dollar will behave which depends on the actions of the Fed and ECB in response to the monetary situation. Today both the central banks are focused on lowering rates, which in turn will speed up the economy, leading to higher spending and probably the deficits too.

So with the entire positive and the negative perspectives on the platter, their still remains a valid question – what portion of an investor’s portfolio should be in gold? “Normally it should be 5-10%,” feels Swapnil. No doubt, for the long haul, gold works as a good diversifier. But the portfolio should be created in a manner that it diversifies the risk of the investor. Hence, an even distribution based upon the risk appetite of the investor is the best way to go for. Even John Mulligan, Investment Marketing Manager, World Gold Council, says, “Our analysis, using state-of-the-art portfolio optimisation techniques, has shown that even with very conservative return expectations for gold, portfolios with a typical mix of equities and bonds will benefit from an allocation to gold, from as little as 4% in a low or medium risk portfolio to 10% in a high risk one”. So, by now you too would have definitely decided on who is your best friend!
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
'This is one of Big B's best performances'
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Thursday, January 22, 2009

Women’s liberation?

As a teenager Tabassum Aamer settled for nothing less than 6-inch heels and the latest fashions. so she left everyone, including her family, stumped at her decision to begin wearing hijab...

I was no exception to the society who used to look down upon the whole concept of hijab, without knowing its true meaning. I was born in a modern Muslim family, which fasted in the month of Ramadan and prayed three times a day instead of five. Being brought up in this environment and going to a Catholic school and college, my understanding of Islam and its beliefs was very poor. I was practicing more of a Catholic way of life rather than Islamic.

In 2002, some of my relatives went to Hajj and upon returning, they decided to learn more about Islam and live in a modest Islamic way. To be honest, I was quite impressed by their decision, and each time I looked at their determination I wished to become more like them. I started visiting them often and asked questions about Islam and the hijab in particular. Never once did they force me to wear hijab. This is what Islam is all about – submission by your own self, not by force.

In 2003, my uncle started an Islamic school in Chennai. All my younger cousins joined the school and were very humble in their behaviour. Looking at them, I started to learn more about Islam and found out how practical it was. So, one day during Ramadan, I just decided to wear hijab. There was no force involved and it was completely my decision. I still remember my mom was a bit taken aback as she didn’t wear hijab. My dad and brother detested it and tried telling me that it’s not necessary for me to wear it. Hearing all this never made me think twice about my decision, it just made me stronger. My relatives supported me and my uncle even gifted me an abaya (burkha).

Time passed by and my parents accepted my decision. My sister-in-law and mother both started wearing hijab. It took a while for my friends to adjust, but later, they accepted it. I started reading the Quran with meaning. The more I read, the more happy I felt about my decision. Hijab earns you respect and also makes others know who you are. It protects you from unwanted attention and makes you feel pure from inside out.

As I was finishing my college, my parents started looking for alliances. When my would-be husband came to meet me, I was adamant and told him I would not accept the alliance if he made me remove my hijab after marriage. He was settled in Australia, and told me that I was free to make my decision. I am really happy about my decision, but at the same time I feel I lost a few years by not wearing it earlier. It has taught me to live modestly and practice good. I encourage all Muslim women to understand what hijab is and how it protects you physically and spiritually. Hijab shouldn’t be forced upon anyone but rather done through free will.

In the present world, hijab has come to symbolise either forced silence or radical, unconscionable militancy. Actually, it’s neither. It is simply a woman’s assertion that judgment of her physical person is to play no role in any social interaction. No one knows whether my hair looks as if I just stepped out of a salon, whether or not I can pinch an inch. And because no one knows, no one cares.

BRASS TACKS

Wearing of the hijab was made compulsory by the Taliban regime, and it is enforced in the Kingdom of Saudi Arabia and the Islamic Republic of Iran. Turkey and Tunisia are the only Muslim nations whose law doesn’t allow women to wear hijab inside government buildings, schools, and universities.
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
'This is one of Big B's best performances'
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
IIPM ranked ahead of IIMs

Friday, October 31, 2008

The beginner

This is for all those car owners who want to look hip and different but neither do they have the time nor the inclination to read auto journals (to try and understand arcane terms like torsion bar) or to go on the net and do their research. So, getting right down to business, the first and the easiest way to make your car (and yourself) look attention worthy is to get a killer set of alloys. These wheels are made using an aluminum alloy and are shinier, lighter and carry far more variety than your regular steel rims. Available at almost all car garages from Rs.10,000 onwards (for a set of 5) going up to Rs.50,000, this extra bling on your car is sure to satisfy your inner gangsta. Just remember not to go overboard with the width of the alloy wheel, for example if you choose an alloy wheel more than an inch wider than your stock tyre, it will affect your fuel economy adversely while at the same time making your steering hard. Ok, now that you have those cool looking rims it’s time to do something about those stodgy halogen headlamps… there’s nothing wrong with them, expect of course that every car has them! So switch to Xenon headlamps, the latest and coolest accessory for your car which won’t blow a hole in your pocket. What’s more, they emit a very bright and eerie bluish toned light which, while making you stand out, also freaks people out (especially if you come roaring behind them, switch to high beam and watch as they squirm while their car interior glows with a unsettling bluish tinge…very cool effect!). After these two modifications just stick some inexpensive Taiwanese LED lights to the underside of your car, programmed to emit various colours at regular intervals (red, blue, yellow…you name it) and voila your car is sure to turn some heads and offend some other people (isn’t that the whole idea).

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
'This is one of Big B's best performances'
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...domain-b.com : IIPM ranked ahead of IIMs

Thursday, October 23, 2008

World’s sixth largest car maker - Honda

The world’s sixth largest car maker, Honda sold a whopping 3.77 million cars in the year 2007. Growing by almost 6% in an epoch when the entireHonda India automotive industry is probably experiencing the worst times, Honda has once again proved its unbeatable market understanding. The company has presence in almost all major markets with strategically located manufacturing bases. The company’s revenues for the year 2007 stood at a mind-numbing $95 billion and that too when the company is perhaps the lowest outsourcer in the entire industry. Honda is probably one of the few carmakers which manufactures its own engines (the most capital intensive component in the finished products category). What’s best, the company has always maintained its profit-earning colours. During the quarter-ended June 30, 2008, the company earned a staggering $2.1 billion from operating profits alone! Expressing the need for Honda to go forward, Takeo Fukui, Global CEO, Honda Motor Company asserts, “A new three-year mid-term plan began in April of this year. The basic idea for this plan is to establish a corporate structure necessary to sustain our strengths and that will enable us to grow globally in the future.” The company intends to restructure its operations for better performance in the long term. In order to increase efficiency and quality, Honda recently transferred production to a new plant in Kumamoto from its Hamamatsu base.

Honda has widely been termed as conservative, but the company’s careful yet very shrewd corporate strategies make complete sense. As per Auto Expert Vikram Gaur, “Even though Honda may not be as aggressive as say Toyota in acquiring market shares, the company carefully studies and launches sportier models to take over the market. This is the company’s market penetration strategy.” Now that is just what Honda did with its ‘Acura’ branded vehicles. These more exclusive Hondas like the speedster NSX are selling like hot cakes in America and have apparently broken all records. However analysts increasingly believe that Honda is more concerned about keeping profits, thereby avoiding any risk. And this is one area where Honda perhaps needs a servicing! This lack of living on the edge shots has indeed paid off well till date, but times are changing too fast today. Apart from Asia where sales increased by about 10.9%, its sales in North America fell by 5.7% and Europe, they were down 8.9% during 2007. The erstwhile ‘standard’ strategies are becoming obsolete as the evolving market spawns fresh challenges, especially in the developed world where the automotive market is stagnant but highly demanding.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
'This is one of Big B's best performances'
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs

Tuesday, October 21, 2008

Call Guru Pitka!

IITs face a faculty supply crunch
Amongst developing economies, India has one of the best pool of intellectual talent and institutes of higher technical education, one being the Indian Institute of Technologies (IITs). The story reads great so far, but ‘behind the scenes’ the IITs are facing an acute ‘shortage of faculty’ problem today, a situation which is only getting worse by the day!

The IITs produce 1,500 B.Techs every year, out of which 40-50% leave the country, 10-20% pursue management studies and 5-10% join either the civil services or other services leaving just a handful to opt for M.Tech, who then may or may not opt for a PhD. On an average, IITs produce just 100 PhDs per year with the total count of PhD graduates from top engineering institutes being just 700!

Each IIT requires a faculty strength of about 100 to be self-sufficient. Therefore, just the new IITs that are coming up require 200-300 PhDs every year. Conclusively, there is a definite negative gap between the supply and demand of engineering PhD qualified faculties (even for the IITs). The only solution is to retain engineering pass-outs or get those Indians who graduate from US (as around 1,500 Indians graduate from foreign Universities with a PhD in engineering); ‘decent package’ of course, being the major issue. For now though, the IITs have their work cut out to meet the faculty supply crunch! Indian Guru Pitka was the chief ‘teacher’ for literate America in the spoof The Love Guru. Pray we never have to call him to teach us!

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
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Monday, October 20, 2008

Screeeechhhh!!!

Interest rate hike and mounting inflation has put the brakes on the speeding auto financing industry in the country. Bad times be damned!

im O’Neill, Sandra Lawson and Roopa Purushothaman who had concluded (in their paper titled, ‘The BRICs and Global Markets: Car, Crude and Capital’) that India’s market growth will be rapid with the potential for a threefold increase in car ownership over the next 10 years, might once again have to redo their work and radically change their conclusion. Well, the reason for the reconsideration being the rising raw material cost, slowing credit & signs of economic slowdown. All of these have cast a dark spell on the sector which now seems to be bearing the brunt of the economic slowdown, as well as interest rates that are rising by the day.

Certainly, the last five months have been a bit wary for auto loan consumers. The interest rates on auto loans have been hiked four times in a row. This has forced the banks to cut down on their retail lending by about 15-20%. Further, given the tight monetary stance by the central bank and its advice to the banks not to overstretch themselves and keep lending in consonance with their sources of funds (limit credit growth up to 20%), the banks’ margins have squeezed. Hence to maintain their profitability, they are left with no option but to revise their lending rates. With inflation (currently pegged at 12.44%) continuing to surge, a cut in the interest rate is unlikely in the near term and volumes are likely to remain under pressure. So much so that the current interest rates on auto loans which hover around 15.5% have had a direct impact on the buying behaviour of consumers. Sadly, these high interest rates (on the part of the financers) and lower buying sentiments (on the part of the consumers) will continue to negatively impact the demand for vehicles.

India is undergoing unprecedented change and auto financing is no exception. Earlier 80-85% of auto financing was undertaken by the banks and financial institutions, but with rising interest rates and higher disposable income, more people are opting for an outright purchase using their savings. This seems to be logical to some extent as auto loans are costlier today by 2-2.5% since the beginning of the year. This implies that an auto loan of Rs.5 lakhs for a three year period will get expensive by a further Rs.10,000. And as lenders still account for 70% of auto financing, a rise in interest rates, which subsequently implies a hike in EMI instalments further aggravates the problem, thus leaving the buyer confused! “The high interest rate is very negative for the auto industry,” asserts S. Ramnath, Analyst, SSKI to B&E. However interestingly even in such a scenario there is some good news. As for auto loans (for new car) fall, an increase in sales of second hand cars is bound to happen.

However, auto financiers are on their toes to increase their profit margins. While, a few have shut their financing operations, others are now approaching customers directly instead of routing through intermediaries. Certainly, the economic activity (the high interest rate & burgeoning inflation) has had a knock-down effect and unless these are resolved, the predicament will continue to haunt the auto industry. Screech... Heard those giant brakes?!
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

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Saturday, October 18, 2008

“The slowdown can be seasonal”

Vivek Nayar, VP (Marketing), Auto Division, Mahindra & Mahindra

B&E: What are the effects of the industry slowdown on M&M? VN: If there is a slowdown, naturally we will also be affected by it. However I think that the slowdown is a seasonal factor and sales will pick up eventually. Then there is the monsoon and rains, a situation where the consumer is not very keen in making new purchases.

B&E: On M&M’s new found focus on the environment.
VN: The subject of global warming is something which we should be aware of. The beauty we see in the nature will not be here forever. What matters most is what you leave behind and that is what M&M wants to do. We are not only leading at the CNG initiative, there is a lot more. We have already demonstrated our electric vehicles at the auto expo as well. It all depends on the reach of infrastructure.

B&E: On the company’s environment friendly products.
VN: The launch is a part of our sustained mobility programme. We have already launched the Champion CNG and Alpha CNG in light load carrier segment. Now it is the two tonne segment, Bolero Pickup. We have a portfolio of small load capacity vehicles which are propelled by CNG. In the light commercial category these are solutions to a specific issue. Right now the launch is for the Delhi market, followed by Mumbai and Gujrat. As the infrastructure develops, and as the government plays a major role in increasing the CNG reach, we go to other places as well.

B&E: Will CNG be used in the company’s other models?
VN: Once you are strong in a technology you can use it in various segments; so I think we can provide this initiative into the passenger segment as well. We may launch a Scorpio hybrid in the near future.

B&E: On M&M’s market performance.
VN: M&M volumes have grown from 30,000-44,000, a CAGR growth of 20%. This is when the industry grew by only 7%. In pickups, we are the market leaders with 83% market share. Here, Mahindra grew at 77%, a full 33% more than the segment.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
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IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

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'This is one of Big B's best performances'
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domain-b.com : IIPM ranked ahead of IIMs

Friday, October 17, 2008

Dollar Almighty is back!

Noisy currency movements reflect the future of emerging markets & their economic fundamentals
First the eurotisation and then the strengthening of emerging market currencies cast a fatal attack on the hegemony of dollar. The economic fundamentals of the emerging markets (EMs) were robust enough to take on the challenges and what the world witnessed was a rally of the currencies of these nations. This phenomenon has come a full circle; the five year rally is coming to an end. Thanks to the ‘monster’ termed inflation; the respective central governments are struggling to combat it. As a matter of fact, inflation in 19 out of the 26 emerging markets now exceeds its tolerance zone. The global economic slowdown is bound to impact economies that are less well positioned or underpinned by fundamentals. “Is it the beginning of currency crises in the emerging economies?” It is a pertinent question that needs to be debated. Keeping aside the self-fulfilling prophecies, the looming currency crisis can nevertheless be prevented by subtle policy changes.

The prediction of the beginning of currency crises is linked to the availability of timely and accurate information about economic fundamentals. Theoretically speaking, weak economic fundamentals coupled with herd behaviour increase the probability of a crisis. Nouriel Roubini in his paper “The role of large players in currency crises” emphasises on the fact that the presence of agents with market power can increase a country’s vulnerability to a crisis and make other investors more aggressive in their position-taking. A fact justified a few years back when global investors became increasingly nervous about holding an overweight US dollar position and opted to diversify their position. This shift in investor confidence added to volatility and weakened the dollar against other currencies. The reverse is happening now; it is expected that the EM currencies will further weaken against the dollar. According to a Merrill Lynch survey, for the first time since 2001, investors prefer US equities over developing economies stock markets.

Turkey’s current-account deficit of a whopping $50 billion by the year end (Moody’s Investor) will see to it that there is a reversal in the Lira–Dollar trends. Analysts are of the view that the Lira, which has appreciated by 10% against the dollar (y-o-y) will fall by approximately 12%. Owing to the large and persistent deficits, South Africa will largely have to depend on foreign capital. The Indian Rupee, which advanced to 12.7% last year, is currently under pressure to weaken further, courtesy the losses in the stock market (since the beginning of the year the market has lost 28.32%), which have raised concerns about capital outflow. The road ahead will be more challenging for the emerging economies as they are bound to witness less of portfolio flows, courtesy the differentiation and the ratings cuts (Fitch Ratings has cut the credit outlook on South Africa and India). Stephen Jen, Chief Currency Economist, Morgan Stanley cites various reasons as to why the South Korean Won (KRW) would also be weaker. According to Jen, “In contrast to most of Asia, Korea does not have energy subsidies. Thus, we expect to see the impact of high oil prices becoming visible in Korea before it does in other countries. The size of the negative ToT shock impinging on Korea is as large as any country in Asia. As a result, the KRW should not be strong.” Globally, as growth decelerates, and as focus shifts from inflation fighting to GDP protection, it is expected that the ratio of US dollar to that of emerging market currencies will gradually drift higher.

The emerging markets today are more concerned about future inflation and consequently a tighter monetary policy; as a result their currencies are selling more aggressively thereby sharply increasing the risk aversion. As far as policy interventions in the emerging markets are concerned, they need to be understood that merely seeking to limit currency fluctuations could end up in fostering more instability. Indisputably, currency movements tend to be oft noisy but in the long term they are a reflection of economic fundamentals.
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
'This is one of Big B's best performances'
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...domain-b.com : IIPM ranked ahead of IIMs